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Tungsten
Tungsten Metal Prices |
Tungsten Metal Prices
Tungsten is used in applications as diverse as pigments, electrical contacts, light bulbs, weaponry, and abrasion resistant tools. The lion's share of tungsten is produced in China, and it is Chinese economic activity that arguably has the greatest effect on tungsten metal prices. When China has flooded the market with tungsten export, prices have historically fallen, sometimes precipitously.
China, however, has recently been depressing tungsten exports, increasing domestic consumption, and switching focus towards producing more tungsten finished goods. Consequently, tungsten metal prices have risen dramatically in 2005.
Meanwhile, North American Tungsten, a Canadian tungsten supplier, has reorganized after encountering previous financial pressures, and is now poised to supply more tungsten to the world market. With tungsten metal prices exceeding their previous historical highs in 2005, it's possible that producers in other areas of the world with tungsten reserves (such as Vietnam) will come online to take advantage of the current favorable economics.
Even with the possibility of increased production outside of China, however, tungsten buyers should be prepared for tungsten prices to remain high for the foreseeable future. Indeed, some economic forecasters feel upward price pressures on raw materials represent the new reality, and an increasing economic trend.
All Metals & Forge (AM&F), as a leading supplier of specialty metals, including tungsten, tungsten alloys, and other alloys containing tungsten, strives to keep buyers informed of factors affecting the metals market. The company's business development teams work with customers to minimize the effects of raw materials price increases by helping with them cost-saving efficiencies, long-term contracts, and inventory management. |
| addtime:2009-5-7 16:56:07 print |
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